Little River Township v. Board of County Commissioners

Citations

• 65 Kan. 9
• 68 P. 1105
• 1902 Kan. LEXIS 3

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Municipal Bonds — Effect of Act of 1887. Chapter 77, Laws of 1887, neither amends nor repeals section 13 of chapter 107, Laws of 1876. Both provisions stand and both are operative.</p> <p>2. - Contracts betioeen Public Corporations — Poiver of Legislature. A public corporation can acquire no vested contract rights as to the time of maturity or payment of bonds held by it against another public corporation. Public debts are matters of public concern, and, as between debtor and creditor, both being public corporations, the legislature may, by proper enactment, compel the creditor corporation to accept payment before maturity of the obligation held by it. Such acts do not, as between public corporations, impair the obligation of contracts.</p>